Gobo-Shi Land average value

Price 6,000,263 JPY
  (17,463 JPY/sq.m)
- Dist. from Sta. 21.0 min walk
- Property area 405.4 sq.m

The average price of a sq.m Land of Wakayama Gobo-Shi, in 2017 was 14,399 JPY/sq.m. The market value represents a decrease of 1,882 JPY (-11.6%) compared to 1 year ago and a transition to a weak market. 6 properties exchanged hands ( The market value represents a decrease of 12 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 202.5 sq.m (a -57.3% decrease compared to the 474.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving size for a general family households less than 100 sq.m.

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 11.1% of total transactions in 2016 and 16.7% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 17.9 min in 2016 and 24.8 min in 2017; +38.4%)
Data regarding the market value and its changes of Land in Gobo-Shi were calculated using data on the sales of 247 properties provided by the MLIT Japan.

Gobo-Shi Land market value list

AreaAverage Trading PriceAverage Unit Price
湯川町18,807,368 JPY48,264 JPY/sq.m
10,512,264 JPY41,484 JPY/sq.m
藤田町8,430,000 JPY25,257 JPY/sq.m
10,950,000 JPY30,595 JPY/sq.m
塩屋町6,454,444 JPY22,282 JPY/sq.m
野口6,992,308 JPY21,652 JPY/sq.m
名田町6,841,667 JPY20,566 JPY/sq.m
熊野5,440,000 JPY22,344 JPY/sq.m
御坊3,344,286 JPY18,083 JPY/sq.m
岩内4,575,000 JPY11,180 JPY/sq.m

Land value Distance From The Station transition

Market values (unit price: sq.m, m2) in terms of Distance From The Station, is as follow.

The orange line means market values (unit price: sq.m) for Land in terms of Distance From The Station. The orange line changes on the basis of distance from the train station and area of the property (* For example , if the distance from the station is far, the lower the unit price.).

The dots means trading data. When you mouseover or touch the dot, details of the trading data is displayed. You can color (classify) the dots on the basis of the property area, distance from the stations, or the property price, etc.

(* You can scroll and zoom with pinch in the mobile environment.)
(* When you double-click, the value of Distance From The Station is updated.)
Color:
Unit:   Touch:



Land value Distance From The Station transition. Market values in terms of Distance From The Station.

Land value Distance From The Station transition

Property Details:
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Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
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- Trading date: {{infoObj.trade_date|date:'MMMM, yyyy'}}

When you change the slider, the unit price will change.
Age of a building Property area Total floor area Distance from the station




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Calculate Gobo-Shi Land market value

We can calculate market values for Land based on their age, area, and distance from a train station.

Age
years old
Area
sq.m
Total floor space
sq.m
Distance from the station
min walk

Market values for Gobo-Shi Land that meet the above conditions were calculated in the following manner.

{{currentObj|applyRegCalculatePrecise:averageObj:coefObj:true:true}}
({{unit_price|number:0}} JPY/sq.m)

The assumed transaction price, not including agency commissions, taxes, etc.

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Trading Data

Past Land sales data, with similarly entered ages, area, and distances from station are as follows.

1. Wakayama Gobo-Shi 湯川町Gobo-Shi Gobou 19.0 min walk)
, Area: 270 sq.m
- Trading date: 2009-06-01T00:00:00Z

Trading price:   12,000,000 JPY,    Unit price:   44,444 JPY/sq.m

2. Wakayama Gobo-Shi 藤田町Gobo-Shi Doujouji 19.0 min walk)
, Area: 350 sq.m
- Trading date: 2012-12-01T00:00:00Z

Trading price:   8,400,000 JPY,    Unit price:   24,000 JPY/sq.m

3. Wakayama Gobo-Shi 湯川町Gobo-Shi Gobou 19.0 min walk)
, Area: 220 sq.m
- Trading date: 2014-03-01T00:00:00Z

Trading price:   6,000,000 JPY,    Unit price:   27,272 JPY/sq.m

4. Wakayama Gobo-Shi 島Gobo-Shi Gakumonn 19.0 min walk)
, Area: 350 sq.m
- Trading date: 2016-06-01T00:00:00Z

Trading price:   5,300,000 JPY,    Unit price:   15,142 JPY/sq.m

5. Wakayama Gobo-Shi 塩屋町Gobo-Shi Nishigobou 18.0 min walk)
, Area: 350 sq.m
- Trading date: 2010-06-01T00:00:00Z

Trading price:   24,000,000 JPY,    Unit price:   68,571 JPY/sq.m

6. Wakayama Gobo-Shi 藤田町Gobo-Shi Gobou 16.0 min walk)
, Area: 300 sq.m
- Trading date: 2013-12-01T00:00:00Z

Trading price:   2,000,000 JPY,    Unit price:   6,666 JPY/sq.m

7. Wakayama Gobo-Shi 湯川町Gobo-Shi Gobou 15.0 min walk)
, Area: 270 sq.m
- Trading date: 2008-09-01T00:00:00Z

Trading price:   8,000,000 JPY,    Unit price:   29,629 JPY/sq.m

8. Wakayama Gobo-Shi 湯川町Gobo-Shi Gobou 15.0 min walk)
, Area: 350 sq.m
- Trading date: 2009-03-01T00:00:00Z

Trading price:   9,500,000 JPY,    Unit price:   27,142 JPY/sq.m

9. Wakayama Gobo-Shi 湯川町Gobo-Shi Gobou 15.0 min walk)
, Area: 240 sq.m
- Trading date: 2009-12-01T00:00:00Z

Trading price:   9,900,000 JPY,    Unit price:   41,250 JPY/sq.m

10. Wakayama Gobo-Shi 島Gobo-Shi Kiigobou 23.0 min walk)
, Area: 230 sq.m
- Trading date: 2012-06-01T00:00:00Z

Trading price:   6,000,000 JPY,    Unit price:   26,086 JPY/sq.m

11. Wakayama Gobo-Shi 湯川町Gobo-Shi Gobou 15.0 min walk)
, Area: 220 sq.m
- Trading date: 2013-12-01T00:00:00Z

Trading price:   6,500,000 JPY,    Unit price:   29,545 JPY/sq.m

12. Wakayama Gobo-Shi 湯川町Gobo-Shi Gobou 14.0 min walk)
, Area: 360 sq.m
- Trading date: 2012-06-01T00:00:00Z

Trading price:   6,000,000 JPY,    Unit price:   16,666 JPY/sq.m

13. Wakayama Gobo-Shi 藤田町Gobo-Shi Gobou 14.0 min walk)
, Area: 210 sq.m
- Trading date: 2013-03-01T00:00:00Z

Trading price:   6,300,000 JPY,    Unit price:   30,000 JPY/sq.m

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{{item.days_elapsed|days_year}} years old , Area: {{item.dimension}} sq.m , Total floor area: {{item.dimension_all}} sq.m , Layout: {{item.floor_plan}} , Structure: {{item.structure}}
- Trading date: {{item.trade_date|date:'MMMM, yyyy'}}

Trading price:   {{item.price|number:0}} JPY,    Unit price:   {{item.unit_price|number:0}} JPY/sq.m

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Land market value trends

Market value trends for Land are as follows.

Data:
Unit:   Touch:



Land market value trends Market value trends for Land.

Land market value trends


Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving size for a general family households less than 100 sq.m.

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 11.1% of total transactions in 2016 and 16.7% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 17.9 min in 2016 and 24.8 min in 2017; +38.4%)
The table below shows Land dealt in Wakayama Gobo-Shi, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

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    Area close to the price in Gobo-Shi

    The closest areas in terms of Land price ranges to this area are ones like the following that are along a railway line and have a station.

    Area / Station Median
    Price
    JPY
    Unit price
    JPY/sq.m
    Age
    Years old
    Distance
    min walk
    Area
    Kinokawa-Shi 貴志川町岸宮 (23) [Area]4,400,00017,391 yrs19 min350 sq.m
    Yura-Cho 大字里 (10) [Area]6,750,00018,513 yrs21 min360 sq.m
    Aridagawa-Cho 大字上中島 (4) [Area]8,700,00020,491 yrs24 min345 sq.m
    JR Wakayama Line Kouyaguchi (112) [Stations]5,800,00018,321 yrs14 min295 sq.m
    JR Wakayama Line Kiinagata (31) [Stations]4,500,00015,941 yrs20 min490 sq.m
    JR Kisei Main Line Doujouji (75) [Stations]5,200,00015,583 yrs28 min270 sq.m
    Wakayama Electric Railway Kishigawa Line Kannrojimae (36) [Stations]6,300,00015,000 yrs17 min365 sq.m
    JR Kisei Main Line Kiimiyahara (61) [Stations]7,000,00020,289 yrs18 min340 sq.m
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